I know you’re watching artificial intelligence stocks this week — but with so many stocks moving, it can be overwhelming to try to build a watchlist…
How could you possibly watch all of the big runners?
The reality is, you can’t.
You have to pick the ones you think have the most potential.
Then when the market opens, you let it show you which stock should be your number one….
Here’s how…
What To Do When There Are Too Many Stocks To Watch
I haven’t talked about this concept recently because we haven’t seen this much action in a while…
There were at least four stocks with over 50% gains on Thursday.
- CXApp Inc. (NASDAQ: CXAI) — 479% gain.
- T Stamp Inc. (NASDAQ: IDAI) — 72% gain.
- Marpai, Inc. (NASDAQ: MRAI) — 135% gain.
- Predictive Oncology Inc. (NASDAQ: POAI) — 77% gain.
After seeing those crazy moves — and probably missing a lot of them — it’s easy to slip into the FOMO trap and start chasing stocks.
That’s what you want to avoid at all costs.
So here’s my simple solution…
Wait for the lone survivor.
Once stocks have massive moves and blow up enough short sellers like CXAI and other AI stocks did on Thursday — there aren’t a lot of them left to get squeezed.
Plus, longs who were in early take profits, and new short sellers come in and attack the stocks.
So after all of that, a lot of stocks will fail at the open the next day. Like most of them did on Friday…
But once most of them fail, here’s what to look for…
Look for the stock that holds up after the open and into the afternoon.
If one of the stock spikes at the open and you feel like you missed it — just wait.
Big runners will often give you another trade opportunity in the afternoon.
Look at CXAI, IDAI, and MRAI on Thursday. You might’ve thought you missed out on a great trade in the morning.
But the afternoon moves were even better…
CXAI chart: 1-day, 5-minute candle — courtesy of StocksToTrade.com
IDAI chart: 1-day, 5-minute candle — courtesy of StocksToTrade.com
MRAI chart: 1-day, 5-minute candle — courtesy of StocksToTrade.com
You don’t have to know everything — and you can’t know everything — right at the open or in the premarket.
All you can do is prepare, then wait for your signals to trade your plan.
If you want my plans for today — go back and read the watchlist I sent out yesterday.
And if you want my guidance throughout the week — join StocksToTrade Advisory for my Market Update videos three times per week!
Have a great Money Monday, everyone. See you back here tomorrow.
Tim Bohen
Lead Trainer, StocksToTrade